| ETBFSI Newsletter | Wednesday, July 16, 2025 |
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Daily Newsletter
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Top Stories
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His total remuneration of Rs 12.08 crore comprised a basic salary of Rs 3.09 crore and Rs 3.46 crore in allowances and perquisites in FY25.
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Bank of Maharashtra has consciously moved away from high-cost bulk deposits, opting instead to strengthen its low cost CASA base, said MD & CEO Nidhu ...
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Despite RBI rate cuts, microfinance institutions (MFIs) are raising lending rates, defying market trends. MFIs cite high credit costs and asset qualit...
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The Unique Identification Authority of India (UIDAI) is launching a new Aadhaar appexpected by Novemberthat will allow individuals to update mos...
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Banking
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The government will decide on increasing foreign investment in public sector banks after the Reserve Bank of India reviews voting rights. Current rule...
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The State Bank of India has filed a review petition against the Supreme Court's May 15 ruling, which held that secured creditors cannot claim priorit...
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Sumitomo Mitsui Banking Corp (SMBC) has applied to the RBI to acquire up to a 25% stake in Yes Bank, exceeding the 20% outlined in their initial agree...
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State Bank of India (SBI) is seeking senior creditor status from the National Highway Authority of India (NHAI) for its investments in National Highwa...
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The revised rates, effective July 15, 2025, follow a 50bps reduction in the bank's Repo Linked Lending Rate in June.
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INDIA-BANKS-Citibank India sees 'billion-dollar IPOs' boosting business, country head says
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Telecom operator MTNL has defaulted on payments of â¹8,585 crore to several public sector banks, including Union Bank of India and Bank of India. The...
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State-owned Bank of Maharashtra (BoM) on Tuesday reported 23 per cent increase in net profit to Rs 1,593 crore during the first quarter, helped by dec...
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Kotak Mahindra Bank founder and non-executive director Uday Kotak has pitched India's 2 percent mandatory corporate social responsibility (CSR) spend...
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State Bank of India (SBI) has revised interest rate on certain short-term tenures fixed deposit (FD). The revised rates are effective from July 15, 20...
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Insurance
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"As part of enforcement function, to decide on the violations observed as regards the provisions of Insurance Act and Regulations issued thereunder, w...
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India's insurance regulator, IRDAI, is proposing to double investment limits for insurers in REITs and InvITs, aiming to channel more long-term capita...
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As Tesla announced its foray into the Indian market on Tuesday, Liberty General Insurance and ACKO said they have become insurance partners for the Am...
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India's ICICI Lombard General Insurance reported a nearly 29% higher first-quarter profit on Tuesday, driven by higher premium income in its retail he...
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HDFC Life Insurance Company on Tuesday reported a 14.4 per cent increase in profit after tax (PAT) at Rs 546 crore for the June quarter of 2025-26 fis...
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ICICI Prudential Life Insurance Company on Tuesday reported a sequential decline of nearly 21.8 per cent in net profit for the quarter ended June 30 (...
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NBFC
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Asset quality stress in the NBFC-MFI sector surged in FY2025 due to borrower overleveraging, sociopolitical disruptions, and operational challenges, a...
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Jaipur-based SK Finance Ltd, a non-banking financial company, on Tuesday reported 27 per cent rise in its loan book to Rs 13,261 crore for FY25, compa...
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India's HDB Financial Services, a unit of lender HDFC Bank, posted a lower first-quarter profit on Tuesday, hurt by higher provisions for bad loans.In...
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